ICICI Lombard General Insurance Company on Saturday reported a jump of 43.6% in net profit to ₹293 crore for the second quarter ended September this fiscal. The company’s net profit in the corresponding July-September quarter of 2017-18 was at ₹204 crore.
Gross direct premium income of the company increased to ₹3,530 crore in the September quarter, registering a growth of 11.3% over ₹3,173 crore in the same period previous fiscal, ICICI Lombard said in a regulatory filing.
The combined ratio improved to 101.1% in second quarter from 102.9% in the same quarter a year ago (combined ratio was 99.9% in second quarter excluding the impact of Kerala floods), it added.
Its Board of Directors had also declared interim dividend of ₹2.50 per share for the first half of 2018-19.
